5 Stocks With Bullish Sentiment From This Underrated Indicator: Walter Energy, Inc. (WLT), Chicago Bridge & Iron Company NV (CBI), SM Energy Co. (SM),

Penn National Gaming, Inc. (NYSE:PENN) sits at fourth on this list. The casino and gaming property owner is up by more than 30% after announcing plans to spinoff part of its operations into a REIT structure. This has been a rewarding investment for Balyasny, who has held Penn since the first quarter of 2012. As one would reasonably expect, the hedgie’s peers have been piling into this stock of late, as the number of firms holding long positions jumped by 12% last quarter. Balyasny has quite the company in Penn, including Israel Englander, Mario Gabelli and Louis Bacon (see Bacon’s newest stock picks).

Whiting Petroleum Corp (NYSE:WLL), lastly, rounds out this top five, as Balyasny upped his stake by 50% last quarter. The oil and gas E&P has already seen its stock price appreciate 11.3% year-to-date, as shares are on a similar trajectory as SM Energy’s. Like its industry peer, the sell-side expects growth to accelerate over the coming year, and the company actually trades at a more attractive 1.7 times book than SM’s 2.6x valuation. Wall Street’s average price target on Whiting indicates that an upside of 25% is possible from current levels, and with results like these, it’s always important to pay attention to the smart money.

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